Buyer’s bank went backwards on him, so it is back on the market

Well established, long history in this location near Macon, GA. . 10 lots, room for perhaps two more. Half of the mobile homes in good condition, the other half need rehab or replacement. Long-term tenants, some for 20+. years.

Excellent opportunity for owner/manager who lives nearby and who can oversee or perform light construction

Current gross is $31,860 yr with a Positive Cap rate of roughly 12%. Cash flow can easily be increased by rehabbing and renting the 5 vacant trailers.

NOTE. I am the previous owner of this park. I bought it out of foreclosure and restored it to it’s old charm. The gentleman I sold it to died, and it has not had any updates in three years. I would highly recommend that a potential buyer live close enough to this part to see that it gets the carrot deserves. You cannot manage a mobile home park from 500 miles away..

Estate sale. No owner financing. Cash buyer preferred.

If this ad is running, it is still available

Thanks for looking